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Share Name | Share Symbol | Market | Type | Share ISIN | Share Description |
---|---|---|---|---|---|
Robeco | LSE:RBE | London | Ordinary Share | NL0000289783 | ORD EUR1 |
Price Change | % Change | Share Price | Bid Price | Offer Price | High Price | Low Price | Open Price | Shares Traded | Last Trade | |
---|---|---|---|---|---|---|---|---|---|---|
0.00 | 0.00% | 0.00 | - |
Industry Sector | Turnover | Profit | EPS - Basic | PE Ratio | Market Cap |
---|---|---|---|---|---|
0 | 0 | N/A | 0 |
RNS Number:0458W Robeco NV 16 May 2002 Rotterdam, 16 May 2002 ROBECO INTRODUCES GUARANTEED FUND BASED ON FUNDS ROBECO AND RORENTO On 17 May 2002, Robeco will introduce Robeco Combi Garant jun 02/09, its second guaranteed fund based on mutual funds. The fund allows investors to benefit from the value developments of stocks, bonds and cash, while the risk on their initial deposit is limited. The fund's return depends on the value increase of the funds Robeco and Rorento, which invest worldwide. Convenience and certainty Robeco Combi Garant jun 02/09 is interesting for investors seeking a safe investment with attractive returns, but still want the guarantee that their initial deposit will largely be protected. This new fund has two main advantages. First of all it offers the possibility to benefit from a well- diversified investment in the leading investments funds Robeco and Rorento, as well as investments in cash. The second advantage is that clients have the guarantee that they will receive at least the guaranteed value on the closing date. Product features The participations have a maturity period of seven years, and an issue price of EUR 53.25. The guaranteed value on the closing date is EUR 50.00. The fund's underlying value is a combination of the leading mutual funds Robeco (45%), Rorento (40%), with 15% in cash earning a fixed rate of interest. Investors redeem their participation every third Friday of the month, starting Friday 20 September 2002 and ending Friday 15 May 2009. In the event of an interim sale - which may be made to the company only - participants receive the current value of their underlying investment less transaction costs. This value is available from Robeco Direct and Rabobank on a daily basis. No transaction costs are due on the maturity date, and either the guaranteed value (EUR 50.00) or, if higher, the value of the underlying investments will be distributed. Investment policy The fund invests in zero-coupon bonds and options on a basket consisting of the mutual funds Robeco and Rorento. Investments in zero-coupon bonds guarantee that the nominal value (EUR 48) and the fixed interest on cash (EUR 2), which together comprise the guaranteed value, will be paid to participants at the maturity date. The joint value development of Robeco and Rolinco is followed through the option investments. Subscription and other features The subscription period runs from Friday 17 May through Friday 14 June 2002, 17:00 hours. If the fund is fully subscribed before that date, subscription will close earlier. This means that subscription is possible 'while stocks last'. Participants can subscribe through Robeco Direct, Rabobank or intermediaries (through Robeco Fund Distribution). The final deposit date is Friday 21 June 2002. A non-recurring management fee of 3.85% (0.55% per year) is included in the issue price of EUR 53.25, which will be charged in advance on the entire period to maturity. The fund will not have a stock exchange listing. Clients will benefit from the value development of the underlying investments during the fund's life to maturity from Monday 24 June through Friday 26 June 2009, as there is no maximum final value for the participating units. The prospectus is available from Rabobank, Robeco Direct and Robeco Fund Distribution and can also be viewed at www.robeco.com. Dutch tax features Due to its fiscal structure, Robeco Combi Garant jun 02/09 is not liable for either corporate income tax or capital tax. Participants are liable for 1.2% investment yield tax on their average net assets. Ronald Florisson, Corporate Communications Robeco +31 - 10 - 224 28 10 +31 - 653 - 831 586 r.p.florisson@robeco.nl This information is provided by RNS The company news service from the London Stock Exchange
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